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20120925
20121003
Search Results 0 to 15 of about 16 (some duplicates have been removed)
of the fourth quarter. then the fed chairman started speaking, ben bernanke offering his best defense for pouring more fed dollars in economy, and the markets pulled back. rich edson will have more on mr. bernanke's speech coming up. and the dow is still up, 161 points, that is the biggest intraday point gain, by the way, since september the 13th financial stocks leading the dow right now including, yes, the bank of america, america express, jpmorgan all having banner days. microsoft remaining the biggest laggard after two price targets cuts from jeffrey's and rbc. we've got traders at the new york stock exchange, the cme group and the nymex. let's take a look at the cme, charlie needles, the cme. charlie, what a day? is it all on the back of the ism numbers? >> it is. you know, chi pmi came out overnight, and that showed things have stabilized there, in china. european pmi was in line, not lighting the world on fire. a little concern over the employment situation there. but if you look at the breakdown of the u.s. pmi, you kind of hit on all cylinders. the prices paid was actually a
. ben bernanke defends his strategy at the federal reserve to do more to help the economy. >> susie: and how technology is making it possible for doctors to go paperless. >> tom: that and more tonight on "n.b.r."! >> susie: the first day of the new quarter, kicks off with a blue chip rally. investors were encouraged by a report showing that american factories were busy in september. a popular index of national factory activity rose to 51.5 last month, from 49.6 in august. it was the fastest pace of production since may. but that upbeat news was overshadowed by comments from federal reserve chief ben bernanke, saying the economy is not growing fast enough to bring down the unemployment rate. we'll have more on that in a moment. those two events led to volatile trading here on wall street. the dow rose about 78 points, but was up as much as 155 points earlier. the nasdaq drifted in and out of positive and negative territory, finally losing more than 2.5 points, and the s&p rose almost four points. and, as suzanne pratt reports there are conflicting views on the state of american manuf
now. we were listening to ben bernanke a short time ago. you see yield on that, down a basis point. we'll be right back. >> i'm dennis kneale with your fox business brief. u.s. builders trimmed their activity for a second straight month in august. construction spending slipped .7 of 1% to seasonally adjusted $837 billion. >>> honda expanding north american recall to include more than 600,000 accord mid-sized sedans. the recall aims to address a potential power steering fluid leak that could cause a fire under the hood t affects 2003 through 2007 model years equipped with v-6 engines. >>> more of us are getting our news on the go. a new pew research survey more than half of adult americans own a tablet computer or smartphone. one-third to view news as stories and video clips at least once a week the survey found 20% of mobile users said they paid for online subscription in the last year. fox business is free. that's the latest from the fox business, giving you the power to prosper melissa: it is quarter to. as we do every 15 minutes let's check on the markets. nicole petallides on the f
all week. fed chair ben bernanke's latest take on the economy will also get a lot of attention when minutes from the federal reserve's latest policy meeting are released. september auto sales are also on tap. some experts predict sales are up nearly 11% over last year. >>> meanwhile, according to aaa, the price of regular gas is down about five cents in the past week to an average $3.81 a gallon. >>> overseas this morning, uncertainty about spain's bailout weighed down asian stocks. thousands filled spain's capital this weekend to protest sweeping budget cuts and austerity measures included in a 2013 draft budget. >>> elsewhere, on the heels of apple's flawed debut of its new mapping app, nokia and oracle customers will have access to nokia's data and location services. >> hewlett-packard is set to roll out a new tablet device today that will work with microsoft's new windows 8 operating system. the elite pad 900 comes at a time when, according to new research, half of all adult americans now own either a tablet computer or a smart phone. >>> and finally, who says that crime doesn't
easing, ben bernanke making his case, our rich edson is standing by live with bernanke in indianapolis. >> and we are blowing the lid off what a producer here is calling a pork-alypse. why last week's warning of a global bacon shortage is now being called hogwash. tracy: it was scary at the moment. now let's go to nicole petallides at the new york stock exchange. we have quite a rally. nicole: so far so good. the bulls out on wall street say hey i will take it. the dow jones industrials are up more than 1%. we have seen all the dow components 29 of the 30 in the green with the exception of microsoft. cisco hovering around the unchanged line. for the most part all have up arrows. less worries about europe, certainly one thing we have noticed. also the ism number coming in and that showed expansion rather than three months of contraction for u.s. manufacturing. so that was good news there. let's take a look here at goldman sachs. when you are looking at goldman sachs, it is interesting because in barron's over the weekend, we call this one the barron's bounce; right? well, barron's sayin
. my point here, carl, is don't fight ben bernanke. if he came out and said, ladies and gentlemen, me and mr. drogy and i want people to buy stewed prunes, everybody should listen carefully. you may think it's wrong, but i sure would not go out and short stewed prunes on that idea. that's the problem that a lot of people are having. a lot of people are underperforming the market because their ideologies are getting in the way. >> thank you. let's get another capital markets op-ed. gary, talk a little politics. >> we'll get to that in a second. i steered clear of politics for quite some time. but let me talk about a cool breeze about what's happened. think back to mid-august. we did that informal survey. we asked people what would be the most important factor for the equity markets in 2012. 65% said it was going to be the election, if you remember. it has not been the case since mid-august. and as e we said all along, it's been about central banks. i do think that's going to change. i think politics will once again become something that has an impact on the equity markets. that it will
of economically growth in washington right now? ben bernanke trying to create the wealth effect. everybody feels more wealthy because the asset prices are going up, that helps the economy come around. by the same token if you look to the democratic side of things, if you look at the other guys, now we have to expand government and that will get the economy turning. i found that odd both of those are being played together at the exact same time right now. stuart: see you again soon. according to new polls for president obama has a big lead in the female vote over mitt romney. in ohio the president leads romney 60-35 among women. now obama deputy campaign manager says women don't care about the president's record. listen to this. >> they're not really concerned about what is happening over the last four years. stuart: congresswoman joins us now. it is very hard to get around or explain the enormous lead president obama seems to have among women voters. i put it to you they're going to be president because they're getting bought on that issue. tell me i am wrong. >> i do think you're a little bit w
understood, but that money that ben bernanke has been printing has been used to buy that debt and that's pushed treasury prices way up, bubble level. it is a bubble. what happens when it bursts? it will eventually. pretty soon people who lend it will say you can't pay it back and then you have killed the dollar. and the interest rates goes straight up and the economy goes straight down and ben will be unable to print out of trouble because it was printing that got us into the mess in the first place, i do not have a solution, only the conviction that we're indeed in another bubble and i don't know exactly how it will shake out. i don't know which investment will do well eventually, but i do know that this bubble will burst and when that happens, there will be a river of tears. so anyway, i've been to a lot of places. you know, i've helped a lot of people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange plac
was an advocate for open-ended qe long before fed chairman ben bernanke announced qe infinity. >> now chicago fed president charles evans is ready to take on critics of the plan. >>> we're kicking off the fourth quarter with the biggest bull of all the squawkmarket masters. the odds of hitting dow's 17,000 by the end of next year are looking better and better says jeremy siegel. the third hour of "squawk box" starts right now. ♪ >>> good morning again. welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin and our guest host has been craig barrett, the former chairman and ceo of intel, obviously we have a lot more to discuss with him but we also have many other big guests who are joining us through the hour, don't forget that this is the beginning of the fourth quarter, you can start it off with our portfolio strategy session, speaking with jeremy siegel about the market events likely to drive the fourth quarter including the november election. coming up at 8:30 a.m. eastern, cnbc's exclusive interview with chicago fed president charlie evans, lo
from ben bernanke. >> two big downgrades on two big companies. microsoft says momentum will slow. >> and facebook's stock is up 30% from the july lows. >>> and julia boorstin with a sitdown with facebook's cheryl sandberg. >>> futures ant rise and the fourth quarter gets under way. major indices coming off a third quarter that was their best quarterly performance in two years. but there's a lot for wall street to digest this week waiting for today's monetary policy speech from bernanke. and the big jobs number is coming up on friday. it's been said that q3 was characterized by expectations from central banks, that we got what we wanted and that's not necessarily going to be the picture for this quarter. >> you're fighting worldwide feds. if you don't like the market, i understand expectations lowered along with estimates lowered. all you have to do is beat estimates even if they're lowered and you have the various feds behind you. still got a good market. >> evans this morning on "squawk" is few moments ago saying he'd like to see twist go all the way through 2013. there are thin
Search Results 0 to 15 of about 16 (some duplicates have been removed)